Tesla's new car sales in Spain rose 27% in July from the same month in 2024 to 702 vehicles, registration data released by industry group ANFAC showed on Friday, while sales of electrified cars as a whole skyrocketed, with a 155% rise.
Tesla faces a pivotal verdict in a personal injury trial over a fatal Autopilot crash that took place in Florida in 2019. On Thursday, plaintiffs' attorneys asked the jury to award damages of around $345 million, including $109 million in compensatory damages and $236 million in punitive damages.
New car registrations in France slid 7.66% in July from a year earlier to 116,377 vehicles, data from French car body PFA showed on Friday.
Tesla Inc. is offering ride-hailing services in the San Francisco Bay Area, the birthplace of ride-sharing and where the EV maker has plenty of competition from services with drivers at the wheel as well as from self-driving cars.
Tesla's ride-hailing service in San Francisco is up and running, according to Elon Musk. BI previously reported that Tesla's robotaxi service would launch in California with safety drivers.
Tesla CEO Elon Musk said on Thursday the company has launched its ride-hailing service in San Francisco's Bay Area, but did not clarify whether it uses self-driving vehicles.
Tesla is looking to diversify its battery supply away from China.
Samsung's troubled foundry business gets a shot in the arm. Despite the post-announcement move, the market isn't as bullish as it could be. The fundamental case looks a lot more compelling for Samsung here.
South Korean battery maker LG Energy Solution has signed a $4.3 billion contract to supply lithium iron phosphate batteries to Tesla , a person familiar with the matter told Reuters.
Why Jonathan Rose is shorting tech stocks
Tesla, Inc.'s financials are deteriorating, with declining revenues, margins, and free cash flow, signaling the company is no longer a growth story. Inventory build-up, weak Cybertruck demand, and questionable future mass-market vehicle prospects highlight operational and competitive challenges. AI and robotaxi ambitions face technological, regulatory, and competitive headwinds, while CEO Elon Musk's focus and political risks further cloud the outlook.
Tesla, Inc.'s Q2 2025 results show steep declines in deliveries, revenue, margins, and free cash flow, challenging the bullish investment thesis. Competition is intensifying, especially from BYD Company in Europe and China, while Tesla's production lags behind its capacity and market share erodes. TSLA stock valuation remains extremely lofty, with high P/E and P/FCF multiples unjustified by current business performance or cash flow trends.